CSM Technologies IPO To Open On 24 June, Aims To Raise ₹145.78 Crore

CSM Technologies will launch its initial public offering (IPO) on 24 June. The Odisha-based GovTech company plans to raise ₹145.78 crore through the issue.

The issue comprises a fresh issue of 1.29 crore equity shares, with no offer-for-sale component. Anchor investors can bid on 23 June, while the issue will close on 29 June.

The company has fixed the price band at ₹107-113 per share, which values it at around ₹583 crore at the upper end. The basis of allotment is expected to be finalised on 30 June, and the shares are slated to list on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on 2 July.

Key IPO Details At A Glance

Here are key details of CSM Technologies IPO:

• Issue Size: ₹145.78 crore

• Issue Type: Fresh issue only

• Shares Offered: 1.29 crore equity shares

• Price Band: ₹107-113 per share

• Minimum Bid Size: 132 shares

• Employee Reservation: Up to 1.3 lakh shares

• Qualified Institutional Buyers (QIB) Portion: Up to 50%

• Non-Institutional Investor (NII) Portion: At least 15%

• Retail Portion: At least 35%

The public issue marks the next step in a process that began when the company filed its draft papers with the Securities and Exchange Board of India (SEBI) in September 2025. The market regulator gave its observations in January this year, allowing the company to move ahead with the share sale.

A large part of the money raised will be used within the business. CSM Technologies plans to allocate ₹53 crore towards working capital requirements and ₹25.88 crore towards repayment of borrowings. The remaining funds have been earmarked for future growth initiatives, including possible acquisitions, as well as general corporate purposes.

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Government Business Drives Revenue

Founded more than 27 years ago, CSM Technologies provides digital transformation and e-governance solutions across sectors including mining, agriculture, healthcare, education, tourism and public services. The company works with both government departments and private organisations, though public-sector projects continue to account for a sizeable share of its business.

For the nine months ended December 2025, government entities contributed nearly 63% of the company's revenue from operations of ₹165.52 crore. Listed companies such as Trigyn Technologies, Allied Digital Services, Dev Information Technology and Silver Touch Technologies operate in similar segments.

Keynote Financial Services is the book-running lead manager to the issue.

Sources:

DRHP

Mint

Moneycontrol